OPEC+ froze November output targets on October 4, pausing months of quota hikes as Middle East war keeps members’ actual output well below official levels.
Tag: Brent crude
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WTI Crude Slips Below $90 as Middle East Export Routes Recover
WTI crude fell to $88.50 on September 30 as Middle East exports hit 98% of pre-war levels via pipeline rerouting, though Iran diplomacy uncertainty keeps oil on edge.
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Brent Crude Hits $108 Before Settling at $105 as Iran Diplomacy Collapses
Oil prices surged Monday after President Trump rejected Iran’s Strait of Hormuz proposal, with Brent crude touching $108.48 intraday before settling at $105.28 as equities slid and Treasury yields rose.
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Brent Crude Pulls Back Toward $97 as UNGA Diplomacy Signals Lift Risk Appetite
Brent crude fell to $97.43 a barrel on September 22 before recovering to around $100, as Trump’s UNGA remarks on Iran raised cautious hopes of a future deal and briefly reversed the Houthi-driven spike to $103.
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Houthi Strike on Riyadh Airport Sends Brent to $103
Houthi forces hit Riyadh’s King Khalid Airport on Saturday, the first attack on the Saudi capital since March, sending Brent crude to $103.
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Stocks and Bonds Rebound as Oil Drops to $102 the Day After the Fed’s First Hike Since 2023
The S&P 500 rose roughly 1% on September 17, Treasury yields retreated from 2007 highs and Brent crude fell to $102 as markets absorbed the Fed’s first rate rise in three years.
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Brent Crude Tops $108 as Iran Shoots Down US Drones and Tanker Burns off Oman
Brent crude climbed above $108 per barrel on September 15, the highest in over four months, after Iran claimed to have downed two US drones and an oil tanker caught fire near Oman.
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Brent Crude Crosses $100 as US-Iran Tanker War Spreads to Jordan
Brent crude reached $100.71 on September 9, up 2.85% on the day, after the US-Iran tanker exchange and Iran’s ballistic missile strikes on Jordan deepened Gulf supply fears.
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Brent Crude Surges to $95 as Renewed US-Iran Strikes and Mine Reports Rattle Oil Markets
Brent crude rose roughly 5% to $94.86 a barrel on September 2, its highest since late July, after the US military launched fresh strikes around the Strait of Hormuz following alleged Iranian mine-laying.
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Crude Oil Retreats on US Inventory Build and Weak Demand as Hormuz Risks Linger
WTI crude slipped to around $81 a barrel on August 14 as a substantial US stock build and signs of slowing global demand overshadowed ongoing supply risk from the Strait of Hormuz.